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The news section on Small Business UK allows you to keep up to date with the latest news, economic trends and regulatory developments affecting new and established UK small businesses.

FPB speaks out against abuse of Prompt Payment Code

The Forum of Private Business is urging changes to the Prompt Payment Code after it has learned firms with payment times as long as 90 days are planning to sign up.

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UK SMEs clueless about their own finances

The majority of UK small businesses do not understand their finances, according to the accountants that represent them.

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Illegal software downloading rampant among small businesses

The majority of small businesses in the UK have either bought or downloaded illegal software at some point, research finds.

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Insolvency rates down across the board 

Fewer UK businesses failed in 2012 than the previous year, with 1.04 per cent of the business population failing compared to 1.10 per cent in 2011.

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Energy contract rollovers ‘unfair’ on small businesses

The Federation of Small Businesses has backed a bill that aims to stop small companies being locked into 'unfair' energy contracts.

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The future of retail in the UK

The UK high street is in the grip of a radical transformation which will see shops becoming more like depots in the future, according to a retail expert.

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Going into business with a family member not a popular idea

The majority of the British population would not go into business with a family member, research finds.

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Retail footfall dips year-on-year over Christmas period

Retailers experienced lower footfall year-on-year in December in further evidence to suggest that brick and mortar outlets are losing ground to online operators.

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Going into business with a family member not a popular idea

The majority of the British population would not go into business with a family member, research finds.

News

Retail footfall dips year-on-year over Christmas period

Retailers experienced lower footfall year-on-year in December in further evidence to suggest that brick and mortar outlets are losing ground to online operators.

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GSK puts the squeeze on suppliers with payment time increase

Pharmaceutical giant GlaxoSmithKline has been named and shamed as 'morally bankrupt' by the Forum of Private Business for increasing supplier payment times from 60 days to as much as 95.

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‘Traineeships’ to be introduced to develop work skills

A new government programme will be set up with the intention of equipping young people with the skills they need to compete for apprenticeships and other jobs.

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Consumers becoming more liable to complain about goods and services

UK consumers today are more inclined to complain about goods and services than five years ago despite encountering less problems, research finds.

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SMEs taking shortcuts when dismissing staff

Nearly two thirds of small and medium-sized businesses admit to not following correct procedures when sacking a worker, research finds.

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